Energy XXI (EXXI) Misses Q2 EPS Expectations
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Energy XXI Reports Fiscal 2016 Second Quarter Results and Operations Update
February 16, 2016 8:03 AM ESTHOUSTON, Feb. 16, 2016 (GLOBE NEWSWIRE) -- Energy XXI (NASDAQ: EXXI) today announced financial and operating results for the three months ended December 31, 2015 (fiscal 2016 second quarter), and provided an operations update.  Highlights include:
Lease Operating Expenses (LOE) decreased 26 percent year-over-year $88 million in 2Q 2016, decreased from $119 million in 2Q 2015 Approximately $1.7 billion in face-value debt repurchased in the past seven months Annualized interest savings of $137 million, over $6.50 per barrel of oil equivalent (BOE) Total liquidity of approximately $391 million, as of January 31,... More